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3 years ago

A major objective of written representations is to

Business

1 answer:

Iteru [2.4K]3 years ago

8 0

Answer:

option D - Impress on management its ultimate responsibility for the financial statements and disclosures.

Explanation:

Correct answer is option D:

The written representations are written statements made by management team explaining about the distinct topics and also used as audit evidence.

This document taken as supporting document which is used to confirm other audit. The auditor managed the list of representation to be signed by client.

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An example of a possible marketing problem due to political relations between countries is American firms may be disliked in par

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Explanation:

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maaf ya vengkeee

6 0

3 years ago

On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following informati

riadik2000 [5.3K]

Answer:

estimated inventory on July 8 = $280000

so correct option is d. $280,000

Explanation:

given data

sale = $700,000

Inventory = $130,000

Purchase = $640,000

to find out

estimated inventory on July 8

solution

first we get here total available inventory for sales that is

Total Available inventory for sales = Inventory + Purchase ...........1

put here value

Total Available inventory for sales = $130,000 + $640,000

Total Available inventory for sales = $770,000

so now we get Inventory sols that is

Inventory = (Sales - 30% of sales) ....................2

Inventory = $700000 - ( 0.30 × $700000 )

Inventory = $490,000

so now we get here estimated inventory on July 8 that is express as

estimated inventory = Total Available inventory for sales - Inventory .........3

estimated inventory = $770,000 - $490,000

estimated inventory = $280000

so correct option is d. $280,000

7 0

4 years ago

A well known bank stores enough money during the weekends to satisfy its customers needs. The expected average withdrawal during

Alexxx [7]

Answer:

The mean withdraw has increased during weekend.

Explanation:

Assume that the withdraw amounts are normal distributed. To test whether the mean withdrawal has increased during weekends, we take a z-test. The z-test is possible because the observed sample (weekend transactions) is greater than 30.

The null hypothesis ( $H_{0}$ ) is when the mean withdrawal is greater than 550. The alternative hypothesis ( $H_{A}$ ) is when the mean withdrawal is equal to 550 or smaller. At an alpha of 0.05% is selected with a two-tailed test, , there is 0.025% of the samples in each tail, and the alpha has a critical value of 1.96 or -1.96. If the z-value is greater than 1.96 or less than -1.96, the null hypothesis is rejected.